Minutes 06/12/1956 - Laserfiche WebLink

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36 TUES DAY. JUNE 12, 1956 wi th John Matthews, A. L. Philpott, and several of the Henry County Supervisors subsequent to tl1is sale indicated that the County would definitely confirm the sale and I recormnend to the City that they also confirm it. In attendance at the sale and to assist in furnishing information to the potential purchasers were Don Richardson, Tomnw Moses and Irving McGhee. We also were glad to have with us Mayor Hodnett, Councilman Craig and Councilman Walker. I would like to especially cOIl11'llS:nd and thank Irving McGhee for the splendid assistance which he gave in preparing all details of the sale. Inasmuch as we should be able to start closi~ out the transactions sometime this week, I would request that either Mayor Hodrett or incoming City ManageI', Julian Hirst, be authorized by the City Council to sign the deeds. In the event that Mr. Hirst will not be in town until rext week and if it is in order, I would like to request tha t Mayor Hodnett be au tharized to sign' all deeds. Inasmuch as the high bids exceeded the minimum prices as established by tre Council, all bids were confirmed immediately following each sale. As a matter of law, the bid on the property owned jointly with Henry County is subject to confirmation by the Board of Supervisors and the Henry County Circuit Court. For tre information of the Council I attach the following exhibits: Exhibit A - Handbill of which 1,000 copies were printed and distributed on June 2 nd. Exhibit B - Brochure of which 750 copies were printed and distributed cormnencing Vlednesday, June 6th through the time of the auc tion. Exhibit C - Newspaper advertising. Exhibit D - Radio advertising showing the amount of spot radio advertising on Radio Stations Vf1NA and WHEE. Exhibi t E - A list of the properties showing the minimmn price established Qy Council, the actual price as paid at auction, the acquisition price vmere known, a list of purchasers, and the method in which they indicated they would pay for the property. '\ Ex..~ibit F - A partial list of expenses. Signs were made and placed b'J City employees on all property which was offered for sale. Surveys were also made on all properties, tre plats of which were exhibited in the brochure and additional copies of which were distributed at the sale, and all lots were clear~ staked and marked. The survey work was done by Clark Brmvn, as authorized by the Council, and we have not as yet received the bill for this work. In presenting the details of the sale to the Henry County Board of Supervisors, I explained to them that they would bear one-half of one-twelfth of the promotional expens es. I es tinE. ted for them that this would be $25.00. According to my calculations this amount, includi~ $5.00 for the signs,